VisEra Technologies Co., Ltd. AI Stock Analysis
VisEra Technologies Co., Ltd. (6789) AI Stock Analysis
VisEra Technologies Co., Ltd.
(TWSE:6789)
VisEra earns a middling score. Its fortress balance sheet and strong cash conversion are genuine strengths, but sharp margin compression, a ~27% drop in net income and ROE of just ~7% show the business is in a cyclical trough. Compounding this, technicals are firmly bearish with the stock trading far below all key moving averages and momentum indicators deeply negative, while a P/E of 67.4 and a sub-1% dividend yield leave little valuation support. The investment case rests on an earnings and utilization recovery; until margins turn, risk-reward remains balanced at best.
VisEra Technologies Co., Ltd. (6789) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 125.56B
- Dividend Yield
- 0.76%
- Average Volume (3M)
- 1.22M
- Price to Earnings (P/E)
- 67.4
- Beta (1Y)
- 1.50
- Revenue Growth
- 4.84%
- EPS Growth
- 32.31%
- Country
- TW
- Employees
- 1,562
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
VisEra Technologies Co., Ltd. Business Overview & Revenue Model
Company Description
VisEra Technologies Company Ltd., headquartered in Hsinchu City, Taiwan, is a global producer and supplier of electronic components. Established in 2003, the company operates as a key subsidiary of Taiwan Semiconductor Manufacturing Company Limited (...
VisEra Technologies Co., Ltd. Financial Statement Overview
Summary
A tale of two halves. The balance sheet is exceptionally strong (score 81): equity funds roughly 83% of the NT$22.3bn asset base and total debt has been slashed to about NT$1.9bn, cutting debt-to-equity to ~0.10 from 0.42 in 2023. Cash generation is also solid (score 72), with operating cash flow of ~NT$3.67bn (41% of revenue, ~2.9x net income) and positive free cash flow of ~NT$1.86bn despite capex equal to ~20% of sales. The weak link is the income statement (score 53): revenue fell ~4% to ~NT$8.9bn, gross margin compressed from ~30% to ~21%, operating margin halved to ~11%, and net income dropped ~27% to NT$1.27bn, pushing ROE down to ~7% from 24–29% in the 2020–21 boom. Financial risk is low, but profitability and returns sit well below historical peaks in this cyclical digestion phase.
Income Statement
53NeutralBalance Sheet
81Very PositiveCash Flow
72Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.34B | 8.94B | 10.00B | 7.24B | 9.08B | 9.03B |
| Gross Profit | 2.26B | 1.84B | 3.05B | 1.21B | 3.33B | 3.57B |
| EBITDA | 3.23B | 3.45B | 5.05B | 3.51B | 4.45B | 4.67B |
| Net Income | 1.67B | 1.27B | 1.74B | 356.08M | 1.77B | 2.17B |
Balance Sheet | ||||||
| Total Assets | 22.65B | 22.33B | 24.74B | 25.18B | 25.60B | 15.09B |
| Cash, Cash Equivalents and Short-Term Investments | 11.90B | 11.53B | 13.42B | 12.49B | 11.96B | 3.24B |
| Total Debt | 1.23B | 1.92B | 4.72B | 6.93B | 6.29B | 3.73B |
| Total Liabilities | 4.20B | 3.90B | 6.68B | 8.55B | 8.71B | 6.17B |
| Stockholders Equity | 18.45B | 18.42B | 18.06B | 16.63B | 16.89B | 8.92B |
Cash Flow | ||||||
| Free Cash Flow | 2.52B | 1.86B | 3.54B | 465.76M | 127.53M | -187.52M |
| Operating Cash Flow | 3.88B | 3.67B | 4.72B | 2.66B | 4.29B | 3.79B |
| Investing Cash Flow | -1.46B | -1.76B | -992.92M | -2.04B | -4.14B | -3.98B |
| Financing Cash Flow | -2.97B | -3.80B | -2.77B | -105.92M | 8.56B | 877.51M |
VisEra Technologies Co., Ltd. Peers Comparison
Overall Rating
TW:244168Neutral
TW:625763Neutral
TW:326462Neutral
TW:231360Neutral
TW:337454.8Neutral- TW:678954Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2441 | 68Neutral | TWD 61.72B | 17.20 | ― | 2.67% | 24.12% | 55.55% |
| TW:6257 | 63Neutral | TWD 86.62B | 19.20 | ― | 2.31% | 17.57% | 74.17% |
| TW:3264 | 62Neutral | TWD 90.99B | 21.77 | ― | 2.12% | 31.88% | 80.58% |
| TW:2313 | 60Neutral | TWD 225.17B | 31.05 | ― | 1.45% | 11.13% | 24.42% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3374 | 55Neutral | TWD 115.19B | 80.66 | ― | 0.54% | 16.99% | 21.12% |
| TW:6789 | 54Neutral | TWD 120.36B | 67.41 | ― | 0.76% | 4.84% | 32.31% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6789 | VisEra Technologies Co., Ltd. | 394.50 | 148.38 | 60.29% | |
| TW:2313 | Compeq Manufacturing Co., Ltd. | 192.50 | 108.44 | 128.99% | |
| TW:2441 | Greatek Electronics, Inc. | 112.50 | 37.95 | 50.91% | |
| TW:3264 | Ardentec Corporation | 198.50 | 109.67 | 123.45% | |
| TW:3374 | Xintec Inc. | 466.50 | 328.15 | 237.19% | |
| TW:6257 | Sigurd Microelectronics Corp. | 184.00 | 86.94 | 89.56% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 09, 2026